Stemmer Imaging AG Stock Forecast

Red day on Thursday for Stemmer Imaging AG
(Updated on May 16, 2024)

S9I.F Signals & Forecast

There are few to no technical positive signals at the moment. The Stemmer Imaging AG stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 34.46€ and 34.14€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -4.79%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Stemmer Imaging AG stock

Stemmer Imaging AG finds support from accumulated volume at 33.60€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0.300€ between high and low, or 0.89%. For the last week the stock has had daily average volatility of 2.29%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (S9I.F) For The Upcoming Trading Day Of Friday 17th

For the upcoming trading day on Friday, 17th we expect Stemmer Imaging AG to open at 33.77€, and during the day (based on 14 day Average True Range), to move between 33.00€ and 34.60€, which gives a possible trading interval of +/-0.798€ (+/-2.36%) up or down from last closing price. If Stemmer Imaging AG takes out the full calculated possible swing range there will be an estimated 4.72% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 33.60€ (0.59%) than the resistance at 34.00€ (0.59%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Stemmer Imaging AG stock A Buy?

The Stemmer Imaging AG stock holds several negative signals and despite the positive trend, we believe Stemmer Imaging AG will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.598 Sell Candidate Unchanged

Predicted Opening Price for Stemmer Imaging AG of Friday, May 17, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.